What Denver submarkets will be areas of industrial growth in the year ahead?

December 28, 2018

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Traditionally, the I-70 East corridor has been the center of action for industrial development. However, 2018 saw a surge of construction in the North I-25 and Northeast submarkets. Will this continue into 2019?

From 2014 to 2017, the gravitational center of new industrial deliveries has leaned eastward. As of Q2 2018, however, the center has skewed much farther north than usual. A number of projects have delivered in the North I-25 and Northwest regions in 2018, including Interpark, The Summit II at CTC, and the Park 12 Hundred Tech Center buildings.

While construction throughout the Denver market has remained strong, in the North it grew steadily between Q3 2016 and Q2 2018. This submarket now claims about one-third of the Metro’s total square feet of construction.

22% of new construction expected to deliver in 2019 is in the northern submarkets. While less than 2018’s market share, this still represents significant interest in what has historically been a much quieter area of Denver.